Ripple Protocol Consensus Algorithm

GPTKB entity

Statements (30)
Predicate Object
gptkbp:instanceOf gptkb:algorithm
gptkbp:compatibleWith gptkb:proof-of-work
proof-of-stake
gptkbp:consensusAchievedBy validators
unique node list
gptkbp:designedBy gptkb:Jed_McCaleb
gptkb:David_Schwartz
gptkb:Arthur_Britto
gptkbp:documentation https://xrpl.org/consensus.html
gptkbp:feature Byzantine fault tolerance
low energy consumption
open membership
fast transaction finality
no mining
https://www.w3.org/2000/01/rdf-schema#label Ripple Protocol Consensus Algorithm
gptkbp:introducedIn 2012
gptkbp:openSource true
gptkbp:purpose achieve distributed consensus
gptkbp:relatedTo gptkb:cryptocurrency
distributed ledger technology
gptkbp:usedBy gptkb:XRP_Ledger
gptkb:Ripple
gptkbp:usedFor maintaining ledger state
preventing double spending
validating transactions
gptkbp:bfsParent gptkb:XRP
gptkb:Ripple_payment_protocol
gptkb:Ripple_protocol
gptkb:XRP_Ledger
gptkbp:bfsLayer 6